ARCHIVED - February property sales figures in Murcia up by over 15 per cent

The level of activity in the Costa Cálida is 77 per cent higher than 4 years ago!

The publication of the February property sales figures on Friday by the government’s central statistics unit showed that the upward trend in the level of activity in the Region of Murcia was resumed after the first year-on-year decrease for 20 months in January, with the figure of 1,482 representing an increase of 15.6 per cent in comparison to the second month of 2018.

As was mentioned a month ago, the decrease in January was in part due to the fact that the year before the total had been just one short of the highest in Murcia in nine years, and after two months of 2019 the cumulative total has reached 2.7 more than at the same stage in 2018. At the same time, the running 12-monthly total of transactions registered in the Costa Cálida stands at 16,532 (19 per cent higher than a year previously), and this marks an increase of as much as 77 per cent since the market bottomed out in August 2014.

In Spain as a whole the number of properties changing hands in February rose by 5.3 per cent, while the 12-monthly total is now at over 517,000 (7.2 per cent higher than a year ago). As usual the busiest regional market in terms of sales per 100,000 inhabitants of property-buying age during the month was the Comunidad Valenciana, with a figure of 164, due in large part to the frequency with which properties in the Costa Blanca change hands among the non-Spanish population.